EPRA Monthly Brief
April 2022
It is with big pleasure that I’m announcing that Pere Viñolas Serra, CEO of Colonial, has been co-opted as the new EPRA Chairman, succeeding Méka Brunel, former CEO of Gecina, whose term of office expired. I would like to warmly thank Méka for her unwavering commitment and exceptional leadership for the past two difficult years. Pere brings over 20 years of experience managing one of the leading players in the Spanish and European property sectors, and we’re all looking forward to working together on the transformation and growth of our industry. 

The future of European public real estate and a strategic take on all the various ‘what if’ scenarios lying ahead, will be discussed at the 2022 EPRA Conference, which will take place in person in Paris, on September 6-8. We’re preparing for you a highly engaging and interactive set of strategic workshops, giving you the opportunity to debate and discuss with your peers the issues that really matter in shaping our industry. Registrations are now open and I hope to see many of you there!

On a side note, I would like to share with you that on May 29, EPRA team members will participate in the 20 km Brussels race to raise funds for a Belgian foundation called KickCancer, joining the fight against paediatric cancers. If you would like to help us achieve our goal, you can sponsor our team by donating to the cause.

Finally, and as always, I would like to welcome our newest members: Warehouses Estates Belgium and the Public Investment Fund (PIF).

Dominique Moerenhout, EPRA CEO
EPRA news

EPRA and CRREM join forces

EPRA and the Carbon Risk Real Estate Monitor initiative (CRREM) have entered a partnership to educate EPRA members, and the listed real estate sector more broadly, on the application of the CRREM resources. CRREM is meant to ensure globally consistent standards and support real estate market participants in formulating, setting, and implementing science-based targets to reduce operational carbon emissions of buildings towards a 1.5°C goal. This partnership combines previous work of both organisations and will guarantee clarity for EPRA members and give them confidence that their decarbonisation plans are aligned with climate science. Read more here.

Green goals shaking debt markets

Investors' demand for corporate green bonds, considered as one of the main instruments to green the economy and the financial sector, is growing rapidly. Since 2013 until today, EPRA members issued EUR 40 billion green bonds, of which 76% were issued by constituents of the FTSE EPRA Nareit Developed Europe Index. More than 50% of the total amount was issued in 2021-2022 only, and further growth is expected by the end of the year. Read more in EPRA’s latest blog post.

Belgium, UK, and Sweden top performers

At the end of the first quarter of 2022, Germany was still the largest listed real estate market, with EUR 102.2 billion market capitalisation, followed by the UK (101.6 billion) and Sweden (EUR 83.6 billion). Focusing on annual and pre-Covid19 period changes, Belgium, the UK, Sweden and Switzerland saw the highest market capitalisation growth amongst other European developed markets. Meanwhile, France, Spain and Netherlands displayed slower recovery due to their heavy retail exposure. At the end of Q1 2022, the total value of the listed real estate sector in Developed Europe was EUR 500.8 billion, of which 67.4% is represented in the FTSE EPRA Nareit Developed Europe Index. Download the full Global Real Estate Total Markets Table report.
Additional reading
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